Articles by Eric Yoo

If passed, this measure would require owners to recognize tenant organizations and engage with them on issues related to building conditions, lease enforcement, and community needs. 

A new federal tax credit would support the construction or rehab of affordable, owner-occupied homes in neighborhoods where development costs exceed market values.

We’ll review how the limits have changed for 2025 and explain how to apply them. We’ll also discuss how an owner’s minimum set-aside election on IRS Form 8609 determines which income limits apply to a LIHTC property.

The IRS recently released population data in Notice 2025-18 that will be used to calculate each state’s limits for 9 percent Low-Income Housing Tax Credits (LIHTCs) and private activity bonds (PABs). These figures determine the annual volume caps for these critical affordable housing resources. The new figures reflect both an increase in national population and an increase in the per capita allocation rates, resulting in record-high national totals.

On April 17, Mayor Adams signed into law a comprehensive package of legislation that significantly reforms New York City’s sidewalk shed regulations. The new laws tighten shed permit rules, introduce stricter penalties, and update the city’s façade inspection requirements.

The NYC Department of Finance requires certain owners of residential properties to file the Real Property Income & Expense Statement (RPIE) every year. The DOF uses the information from this filing to value your property accurately for the upcoming tax year. If you miss the filing deadline, the penalty is up to 5 percent of your property’s actual assessed value.